Instytut DemarsoFoundation

Manner of representation

1. Subject to paragraph 2, declarations of will on behalf of the foundation, including in property matters and matters arising from the employment relationship, are made jointly by two members of the management board, including the President or Vice-President. 2. The management board may appoint attorneys-in-fact to direct the activities of the foundation, specifying the scope of their power of attorney to make the declarations referred to in paragraph 1, as well as attorneys-in-fact to conduct matters specified in the power of attorney and, within this scope, to make the declarations of will referred to in paragraph 1.